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43
8X8, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(IN THOUSANDS, EXCEPT SHARES)
The accompanying notes are an integral part of these consolidated financial statements.
N ot e s Ac c umulat e d
Receivable other
Additional from Deferred Comprehen-
Preferred Stock Common Stock Paid-in Stock- Compensa- sive Accumulated
Shar e s A mount Shar e s A mount C apit al holde r s t io n Loss D e f ic it To tal
Balance at March 31, 2000................... -- $ -- 22,958,921 $ 23 $ 101,559 $ (69) $ (376) $ -- $ (53,747) $ 47,390
Acquisition of UForce, Inc. .................
.
1 -- 3,555,303 4 44,584 -- -- -- -- 44,588
Issuance of common stock under -- -- -- -- -- -- -- -- -- --
stock plans............................................ -- -- 1,206,591 1 2,761 -- -- -- -- 2,762
Repay m ent of notes receivable
from stockholders................................ -- -- -- -- -- 60 -- -- -- 60
Repurchase of common stock and -- -- -- -- -- -- -- -- -- --
Exchangeable Shares.......................... -- -- (1,040,089) (1) (521) 8 -- -- -- (514)
Deferred compensation related
to stock options..................................... -- -- -- -- 551 -- 202 -- -- 753
Value of beneficial conversion
feature associated with the
convertible subordinated
debentures...........................................
.
-- -- -- -- 1,081 -- -- -- -- 1,081
Change in unrealized loss on
investments.......................................... -- -- -- -- -- -- -- (24) --
Cum ulative translation
adjustment........................................... -- -- -- -- -- -- -- (65) --
N
et loss..................................................
.
-- -- -- -- -- -- -- -- (74,399)
Total com prehensive loss.....................
.
-- -- -- -- -- -- -- -- -- (74,488)
Balance at March 31, 2001................... 1 $ -- 26,680,726 $ 27 $ 150,015 $ (1) $ (174) $ (89) $ (128,146) $ 21,632
Redem ption of convertible
subordinated debentures.....................
.
-- -- 1,000,000 -- 321 -- -- -- (25) 296
Issuance of common stock under
stock plans............................................ -- -- 457,346 -- 335 -- -- -- -- 335
Issuance of common stock to debt
holders to satisfy interest -- -- -- -- -- -- -- -- -- --
obligations............................................ -- -- 95,699 -- 97 -- -- -- -- 97
Forgiveness of note receivable............. -- -- (5,556) -- (1) 1 -- -- -- --
Deferred compensation related
to stock options..................................... -- -- -- -- (155) -- 144 -- -- (11)
Cum ulative translation
adjustment........................................... -- -- -- -- -- -- -- (10) -- --
N
et loss..................................................
.
-- -- -- -- -- -- -- -- (9,105) --
Total com prehensive loss.....................
.
-- -- -- -- -- -- -- -- -- (9,115)
Balance at March 31, 2002................... 1 $ -- 28,228,215 $ 27 $ 150,612 $ -- $ (30) $ (99) $ (137,276) $ 13,234
I
ssuance o
f
common stoc
k
un
d
er
stock plans............................................ -- -- 242,772 1 88 -- -- -- -- 89
Common stock no longer
contingently redeem able.................... -- -- -- -- 144 -- -- -- -- 144
Deferred compensation related
to stock options..................................... -- -- -- -- (17) -- 18 -- -- 1
Cum ulative translation
adjustment........................................... -- -- -- -- -- -- -- 99 -- --
N
et loss..................................................
.
-- -- -- -- -- -- -- -- (11,403) --
Total com prehensive loss.....................
.
-- -- -- -- -- -- -- -- -- (11,304)
Balance at March 31, 2003................... 1 $ -- 28,470,987 $ 28 $ 150,827 $ -- $ (12) $ -- $ (148,679) $ 2,164